Archive

News Round Up: Glencore, Fitch Ratings, Net Zero Asset Owner Alliance, GFI, and more

KBC tightens line on coal

CCCA banks to publish principles for low-carbon portfolio alignment

The Collective Commitment to Climate Action (CCCA) is to publish agreed principles and guidance for assessing portfolio alignment, and setting and reporting on alignment targets, by the end of Q1 2021.

Chemicals giant agrees 'positive incentive' credit facility

Solvay, one of Europe's largest chemicals companies, has agreed to link the terms of a €2 billion ($2.3 billion) revolving credit facility to achievements in reducing its greenhouse gas (GHG) emissions.

Nine banks add their backing to Principles for Responsible Banking

A further nine banks and eight other stakeholders have backed the fledgling Principles for Responsible Banking, the UN Environment Finance Initiative (UNEP FI) has revealed.

Green Bonds round-up, 27 June

KBC Group, a leading Belgian financial institution, has issued its first green bond – a five-year, €500 million ($600 million) transaction that was three-times oversubscribed.

Green bond round-up, 6 June 2018

The Bank of China (BoC) has issued one green and one sustainability bond at the same time, marking the first dual issuance of this sort.

Renewi converts €550m banking facility to ‘green loan’

Renewi has converted its main €550 million ($650 million) banking facility into a green loan, paving the way for green bond and green debt placements in the future.

An action plan for sustainable finance

The European Commission in March launched an ambitious action plan it hopes will catapult the European Union (EU) into the position of global leader for sustainable finance. Nick Roumpis reports

The EU's action plan on sustainable finance 'should help renewables developers more'

The European Commission's action plan on sustainable finance, launched this month, does not go far enough to promote the build-out of renewables or energy efficiency, a conference heard.